The Solend main pool will be updated today, and the USDC and USDT LTV will be changed to 70%
Solana lending protocol Solend announced on X platform that some updates to the main pool will take effect today: - The LTV of USDC and USDT will be updated from 65% to 70%; - The effective LTV of LST will be updated to 55%; - The borrowing initiation fee for SOL will be temporarily reduced to 1 basis point for 24 hours (with a cap of 200,000).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ripple and Archax Launch World’s First Tokenized Money Market Fund on XRP Ledger
Valhalla mainnet launch postponed, Floki cites auditors’ feedback
Lutnick’s Cantor wants to use Tether to support a $2 billion Bitcoin lending program